ENT101 Exam Questions and Answers |Latest
Update
1. What is entrepreneurship? - ANS entrepreneurship signifies the promotion of innovative high
risk projects that contribute to economic efficiency and growth
1. What is an entrepreneur - ANS A person who organizes, manages, and takes on the risks of a
business.
1. What is the Macro and Micro view in regards to "Schools of Thought" - ANS The Macro view
looks at external influences (non-controllable) like social, cultural, and financial factors. The
Micro view looks at internal influences (controllable) that drives the entrepreneur.
1. What would be an example of the inputs and outcomes of the integrative approach - ANS
Input - person who takes risk
Output - successful venture that creates benefit
1. What is the dynamic states approach dependent on - ANS The contextual environment
2. What is unique about the pacific approach to business - ANS it is relationship based - w each
other, environment, ocean, etc.
2. What is similar about Pacific approach to business compared to European/US styles - ANS
2. How can Pasifika values be appropriate and accessible to everyone - ANS by maintaining and
enhancing relationships
3. What adaptions did Maori have to make with the environment - ANS Changes to lifestyle,
culture, habits, practices. Created relationships with the environment to understand patters
and systems that would enhance kaitiakitanga
